Stablecoin Watch: Weathering the Crypto Winter
- By Dalvir Mandara
- 8 min read
Summary
- USD Coin (USDC, +2%) and TrueUSD (TUSD, +1%) are the only stablecoins to register a gain in market cap over the past month.
- Magic Internet Money (MIM, -48%) registered the largest loss in market cap over the past month. It is also the most volatile.
- US 3M treasury yields continue to outpace stablecoin (lending) yields.
Stablecoin Adoption Remains Elevated
Regardless of the recent downturn in the broader cryptocurrency market, known as the ‘crypto winter,’ stablecoin growth, as measured by various on-chain metrics, has continued to accelerate.
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